News
Vote on Second Reading of Budget today: Rebel MPs ratchet up pressure on SLPP
… Govt. confident of mustering majority
by Shamindra Ferdinando
Dissident SLPP MPs yesterday (20) asked the ruling party whether it would back what it called President Ranil Wickremesinghe’s deplorable revenue proposals when Parliament vote on the Second Reading of the Budget is held today (21).
The rebel group said that the move to privatise even the profit-making enterprises, such as Sri Lanka Insurance and SLT and the increase of Value Added Tax (VAT) from 15% to 18 with effect from January 01, 2024 would worsen the economic crisis, rebel spokesperson and former minister Prof. G.L. Peiris said.
Referring to parliamentarian Namal Rajapaksa’s criticism of the Budget presented by President Ranil Wickremesinghe in his capacity as the Finance Minister on Nov 13, the top rebel spokesperson urged key SLPPers not to skip the vote. The former External Affairs Minister said that the SLPP’s stand today would help the public to ascertain the situation on the ground.
At the onset of the briefing, the former top law academic said that the approval for the Budget would entirely depend on the SLPP, the largest single political party in the current Parliament.
The debate on the Second Reading of the Budget that commenced on Nov 14 would be concluded today and the vote on the Second Reading of the Budget held at 6 pm, Prof. Peiris said.
The Committee Stage debate, or the Third Reading debate on the Budget, is scheduled to begin tomorrow (23) and will continue until December 13. The vote on the Third Reading of the 2024 Budget is scheduled to be held on December 13 at 6 pm.
Prof. Peiris insisted that the SLPP couldn’t under any circumstances vote for Wickremesinghe’s Budget as the key proposals were contrary to its policies.
The SLPP voted for Wickremesinghe’s interim Budget for 2023 presented on Sept. 2, 2022, a day after IMF announced it would provide a loan of USD 2.9 bn to be released over a period of four years. Sri Lanka received the first tranche of the loan in Sept 2023. Since then the facility has been suspended.
Of 225 MPs, 115 voted for Wickremesinghe’s interim Budget and two MPs of the All Ceylon Tamil Congress (ACTC) voted against, whereas the main Opposition Samagi Jana Balawegaya (SJB) and other political parties, including the JVP, abstained.
Political sources said that though there had been differences between President Wickremesinghe and the SLPP over the non-appointment of more of its members to the Cabinet, the party would definitely back the Budget. Sources pointed out that both State Ministers of Finance were SLPPers, Shehan Semasinghe and Ranjith Siyambalapitiya and there was no question over those serving the Cabinet and the party voting for the Budget. The group included three member MEP parliamentary group consisting of Premier Dinesh Gunawardena, State Minister Sisira Jayakody and National List MP Yadamini Gunawardena.
Sources said that the government was confident of a comfortable victory though attempts were being made to cause turmoil.
SLPP lawmaker Anura Priyadarshana Yapa yesterday told The Island that the country is in such a desperate situation political parties have to sensibly ascertain the situation. “We’ll decide tomorrow of our stand,” the former minister said. Yapa’s group consists of MPs John Seneviratne, Dr. Sudarshini Fernandopulle and Priyankara Jayaratne.
News
India’s External Affairs Minister meets Sri Lanka PM
India’s External Affairs Minister, Dr. Subramaniam Jaishankar, met with the Prime Minister of Sri Lanka, Dr. Harini Amarasuriya, on 23 December at Temple Trees, during his visit to Sri Lanka as the Special Envoy of Indian Prime Minister Shri Narendra Modi.
The meeting took place as part of the official visit aimed at holding discussions with Sri Lanka’s top leadership, at a time when the nation commenced reconstruction efforts following the devastation caused by Cyclone Ditwah.
During the discussions, the Minister of External Affairs of India reaffirmed readiness to extend support for Sri Lanka, including assistance in rebuilding railways, bridges, and strengthening of the agricultural sector in the country. He also highlighted the importance of having effective systems in place to respond to disaster situations, supported by strong legislative, administrative, and institutional frameworks. Both sides reviewed ongoing relief efforts and explored avenues to further strengthen bilateral cooperation in disaster response and recovery.
The Prime Minister commended the Government of India for the continued support, noting that the recovery process following the devastation caused by Cyclone Ditwah include beyond immediate relief efforts to long-term measures such as resettlement, and reconstruction of habilitation and infrastructure.
The Prime Minister further stated that steps have been taken to reopen schools as part of the process of restoring normalcy, with close monitoring in place. The Prime Minister emphasized the need to ensure stability, reduce vulnerability, and strengthen protection mechanisms highlighting the solidarity of the people, their strong spirit of volunteerism, and collective action demonstrated during the emergency situation.
The event was attended by the High Commissioner of India Santosh Jha, Additional Secretary (IOR), MEA Puneet Agrawal, Joint Secretary (EAMO), MEA Sandeep Kumar Bayyapu, Deputy High Commissioner Dr. Satyanjal Pandey, and representing Sri Lankan delegation, Secretary to the Prime Minister Pradeep Saputhanthri, Additional Secretary to the Prime minister Ms.Sagarika Bogahawatta, Director General (South Asia), Ministry of Foreign Affairs Samantha Pathirana, Deputy Director, South Asia Division, Ministry of Foreign Affairs Ms.Diana Perera.
[Prime minister’s media division]
News
Sri Lanka’s coastline faces unfolding catastrophe: Expert
Sri Lanka is standing on the edge of a coastal catastrophe, with the nation’s lifeline rapidly eroding under the combined assault of climate change, reckless development and weak compliance, Director General of the Department of Coast Conservation and Coastal Resource Management (DCC&CRM) Dr. Terney Pradeep Kumara has warned.
“This is no longer an environmental warning we can afford to ignore. The crisis is already unfolding before our eyes,” Dr. Kumara told The Island, cautioning that the degradation of Sri Lanka’s 1,620-kilometre coastline has reached a point where delayed action could trigger irreversible damage to ecosystems, livelihoods and national security.
He said accelerating coastal erosion, rising sea levels, saltwater intrusion and the collapse of natural barriers, such as coral reefs and mangroves, are placing entire coastal communities at risk. “When mangroves disappear and reefs are destroyed, villages lose their first line of defence. What follows are floods, loss of homes, declining fisheries and forced displacement,” he said.
Dr. Kumara stressed that the coastline is not merely a development frontier but the backbone of Sri Lanka’s economy and cultural identity. “More than half of our tourism assets, fisheries and key infrastructure are concentrated along the coast.
If the coast fails, the economy will feel the shock immediately,” he warned.
Condemning unregulated construction, illegal sand mining and environmentally blind infrastructure projects, he said short-term economic interests are pushing the coastline towards collapse. “We cannot keep fixing one eroding beach while creating three new erosion sites elsewhere. That is not management—it is destruction,” he said, calling for science-driven, ecosystem-based solutions instead of politically convenient quick fixes.
The Director General said the Department is intensifying enforcement and shifting towards integrated coastal zone management, but warned that laws alone will not save the coast. “This is a shared responsibility. Policymakers, developers, local authorities and the public must understand that every illegal structure, every destroyed mangrove, weakens the island’s natural shield,” he added.
With climate change intensifying storms and sea surges, Dr. Kumara warned that Sri Lanka’s vulnerability will only worsen without urgent, coordinated national action. “The sea has shaped this nation’s history and protected it for centuries. If we fail to protect the coast today, we will be remembered as the generation that allowed the island itself to be slowly eaten away,” he went on to say.
By Ifham Nizam
News
SOC examines proposed amendments to the Microfinance and Credit Regulatory Authority Bill
The Sectoral Oversight Committee (SoC)on Economic Development and International Relations recently examined the Microfinance and Credit Regulatory Authority Bill and the proposed amendments thereto.
The SoC met in Parliament under the chairmanship of Member of Parliament Ms. Lakmali Hemachandra, (Attorney at Law). A group of officials representing the Central Bank of Sri Lanka, the Department of Development Finance of the Ministry of Finance, Planning and Economic Development, and the Legal Draftsman’s Department participated in the meeting.
The Microfinance and Credit Regulatory Authority Bill was presented to Parliament for its First Reading on 26.11.2025. Accordingly, the Committee held an extensive discussion on the amendments that have been proposed to the Bill. The Chair of the Committee, Hon. Member of Parliament Ms. Lakmali Hemachandra, (Attorney at Law) stated that it is important to give careful and further consideration to this Bill and that discussions on the proposed amendments will be held again on a future date.
Members of Parliament Lakshman Nipuna Arachchi, Thilina Samarakoon, Nilanthi Kottahachchi, Attorney at Law, Sagarika Athauda, Attorney at Law, Suranga Ratnayaka, and Wijesiri Basnayake also participated in this Committee meeting.
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